Home » Posts tagged 'open orphan hvivo merger'
Tag Archives: open orphan hvivo merger
Open Orphan PLC #ORPH – Venn Life Sciences contract wins
Open Orphan plc (ORPH), a rapidly growing specialist CRO pharmaceutical services company which is the world leader in the testing of vaccines and antivirals using human challenge clinical trials is pleased to announce its subsidiary Venn Life Sciences (“Venn”) has been awarded two new contracts.
The first contract, which will commence immediately, is a COVID-19 study for a European pharmaceutical company which involves 200 patients in 50 sites across 5 countries around the world. Venn’s Paris team will manage the randomisation and supply management for this randomised, double-blind, placebo-controlled Phase 2 Clinical Trial to evaluate the safety and efficacy of a combination treatment of two drugs, and the best supportive care for patients with moderate and severe COVID-19 in a hospitalised setting.
Venn’s team based in the Breda office, in the Netherlands has also signed a contract with a European pharmaceutical company. The contract will see Venn assist with project management, design and implementation of new processes related to clinical development and use its expertise to deliver process improvement. The contract, which starts immediately, will run until December 2021 delivering significant revenues for Venn.
This contract builds on Venn’s existing relationship with this European pharmaceutical company whom Venn currently provides a variety of services to including IMPD writing, regulatory briefing book writing, preclinical and clinical consultancy.
Cathal Friel, Executive Chairman, Open Orphan, said:
“As we come towards the end of 2020, it’s wonderful to see all the elements of the Open Orphan business are delivering substantial revenues and both new contract wins and renewal of existing long-term customer contracts. The merger and integration of Open Orphan, Venn and hVIVO is very much now complete, and having become profitable in Q4 2020, we now have a very valuable, fast growing and secure business on our hands. Both Venn and hVIVO are converting their substantial pipeline of work whilst providing a high-quality service to their customers. The Paris team’s contract is a further demonstration of our work in the fight against COVID-19 and the contract win by our Dutch Breda team shows how we continue to generate repeat business through our expertise.
I am very excited by the momentum in the business and look forward to providing further updates in the weeks and months ahead of what is going to be a very exciting 2021″.
ENDS
Interested in becoming a volunteer?
If you are interested in being contacted and provided with details about future COVID-19 human challenge study research, please leave your contact details at www.UKCovidChallenge.com .
hVIVO recruits many of its volunteers for its challenge study clinical trials through its dedicated volunteer recruitment website, www.flucamp.com. hVIVO welcomes volunteers to take part in our clinical trials under expertly supervised conditions, to further medical research, and help us to take the understanding of respiratory illnesses to a new level. Volunteers are central to the work that we do; our studies focus on testing new treatments on real people, in a safe, controlled, clinical environment.
Further details on all aspects of our volunteer programs including testimonials from previous volunteers can be found at www.flucamp.com.
For further information please contact
|
Open Orphan plc |
+353 (0)1 644 0007 |
|
Cathal Friel, Executive Chairman |
|
|
|
|
|
Arden Partners plc (Nominated Adviser and Joint Broker) |
+44 (0)20 7614 5900 |
|
John Llewellyn-Lloyd / Benjamin Cryer / Dan Gee-Summons |
|
|
|
|
|
finnCap plc (Joint Broker) |
+44 (0) 20 7220 500 |
|
Geoff Nash / James Thompson/ Richard Chambers |
|
|
|
|
|
Davy (Euronext Growth Adviser and Joint Broker) |
+353 (0)1 679 6363 |
|
Anthony Farrell |
|
|
|
|
|
Camarco (Financial PR) |
+44 (0)20 3757 4980 |
|
Tom Huddart / Hugo Liddy |
|
LinkedIn/Facebook:
#ORPH @OpenOrphanplc subsidiary @VennLifeSciences contract wins
~ The first contract is a #COVID19 Phase 2 Clinical trial involving 200 patients in 50 sites across 5 countries.
~ The second contract will see #Venn assist a project related to clinical development, delivering significant revenues and running until Dec 2021.
~ Cathal Friel “I am very excited by the momentum in the business and look forward to providing further updates”
#pharma #testing #placebo
Open Orphan PLC #ORPH – Venn Life Sciences contract wins (branduk.net)
Twitter:
~ COVID19 Phase 2 Clinical trial involving 200 patients
~ Venn to assist clinical development project, delivering significant revenue
Open Orphan #ORPH – Full Year Results
Open Orphan plc (ORPH), a rapidly growing specialist CRO pharmaceutical services company which is the world leader in the testing of vaccines and antivirals using human challenge study models is pleased to announce its full year results for the year ended 31 December 2019.
Financial Highlights
|
Open Orphan plc (As reported) |
hVIVO plc (As reported) |
Open Orphan plc (formerly Venn Life Sciences Holdings plc -proforma results on a stand-alone basis and excluding any impact of the 28 June 2019 combination) |
Open Orphan DAC (proforma results on a stand-alone basis and excluding any impact of the 28 June 2019 combination) |
Open Orphan plc (proforma results on a combined basis and including the impact of the 28 June 2019 and 17 January 2020 combinations) |
||||||
|
2019 €’000 |
2018 €’000 |
2019 £’000 |
2018 £’000 |
2019 €’000 |
2018 €’000 |
2019 €’000 |
2018 €’000 |
2019 €’000 |
2018 €’000 |
|
|
Revenue (incl. Other income) |
4,039 |
– |
15,092 |
13,626 |
9,854 |
14,291 |
– |
– |
27,061 |
29,712 |
|
Operating (Loss) |
(5,837) |
(1,611) |
(5,893) |
(13,427) |
(6,469) |
(2,367) |
(763) |
(1,611) |
(14,249) |
(19,174) |
|
EBITDA before exceptional items |
(4,311) |
(1,611) |
(3,785) |
(8,862) |
(5,053) |
(1,432) |
(763) |
(1,611) |
(10,130) |
(13,072) |
|
Loss for the period |
(6,543) |
(1,656) |
(6,973) |
(16,833) |
(6,442) |
(4,775) |
(1,025) |
(1,656) |
(16,524) |
(25,481) |
Post Period End Highlights
· Completion of merger of Open Orphan plc and hVIVO plc in January 2020 creating a specialist pharma services group with complementary CRO services
· Continued action to reduce the cost base with annualised savings of €2.0m in hVIVO and €3.0m in Venn respectively removed since the merger in January 2020 and further annualised cost savings of €2.5m in the merged entity are expected to be implemented by 31 December 2020
· Developing the world’s first challenge study model clinical trial in order to be able to test the efficacy of the large number of Covid-19 vaccines that are in development
· Developing an antibody testing service with capacity for up to 3,000 tests per day using the Quotient testing instruments which is one of the few able to offer 100% accuracy
· Expanded the Group’s pipeline of opportunities and converting pipeline of contracts across the whole Group, including:
o provision of an RSV human challenge study projected to deliver £3.2m in revenue all of which is expected to be recognised in 2020 with potential for additional follow-on £7m Pivotal challenge study delivering significant further revenue
o A contract with a US Biotech company for the provision of an RSV human challenge study projected to deliver £3.5 million in revenue all of which is expected to be recognised in 2020
o Expansion of laboratory service with offerings to third party biotech companies and small cap pharma companies with new contracts already completed and this is anticipated to be an important new revenue generating stream for the Group
o Venn’s traditional pharma consulting business continues to perform well and a significant contract was announced in recent weeks to obtain and support market access of newly developed vaccines into the EU and US markets for one of the top pharmaceutical companies in the world
· Increased liquidity and strong balance sheet through placings of £5.3m in January 2020 and £12.6m in May 2020 to allow the Group to complete its transition and leverage a broader service offering to an enlarged and combined customer base
Outlook
· Unprecedent growth opportunities as pharma focuses funding on Covid-19 and respiratory diseases resulting the development of a strong pipeline of opportunities, for both Covid-19 and non-Covid-19 challenge studies along with the wider CRO services offered by the Group
· Strong pipeline of work to build H2 2020 revenue, targeting operational profitability by Q3 2020
· A further €2.5m of cost to be removed from the business in H2 2020
· Right management team in place, with a clear strategy, targeting the high margin pharma services sector, to deliver significant shareholder value
· A strategic review is underway in order to seek to monetise the 49% stake in Imutex and our other non-core investments such as the 62.5% in PrEP Biopharm and our 100% stake in an immunomodulator
Cathal Friel, Executive Chairman of Open Orphan, said:
“Since the reverse takeover of Venn in June 2019 we have been building the foundations of a soon to be profitable business in Q3 and a rapidly growing CRO pharmaceutical services Group with all loses in both companies confined to the past. The merger with hVIVO, post period end, has given us a full-service business, with world class facilities, motivated colleagues and a strong pipeline of work and transforms out business into the world leader in the testing of vaccines and anti-virals through human challenge model clinical trials.
Traditionally, the testing of vaccines and antivirals had been somewhat of a Cinderella industry, however, following the advent of the Covid-19 pandemic it is clear that for the months and years ahead the development of new and novel vaccines and also the testing of such vaccines and antivirals will be one of the fastest growing areas of the pharmaceutical industry. In recent decades, governments and pharma companies around the world completely underinvested in new vaccines and the onset of Covid-19 caught them significantly off-guard and as such there is a huge capital investment program underway around the world to roll out an extensive range of Covid-19 and importantly non-Covid-19 vaccines to ensure that the world is not caught unprepared in future pandemics.
We have substantially reduced overheads and rightsized the management team including combining the CEO and other senior roles in both Venn and hVIVO. We have also brought forward some long-serving and excellent line managers and heads of departments flattening the organisation structure and giving them more autonomy and responsibility to successfully run their own areas and this is proving very effective both for the company but also most importantly for the individual managers as well. In turn, this has completely transformed the culture of the enlarged business to one of vastly more open communications, sharing of knowledge and a much faster decision-making process.
I am very excited for the year ahead and I am confident that we have created a soon to be profitable, fast-growing business which is creating value for all our stakeholders.”
Conference call for sell-side analysts and investors
The Company will hold a conference call for sell-side analysts and investors at 09:30 today.
Participant dial-in numbers
|
Dial-in numbers: |
IE: +353 1 526 0106 UK: +44 33 0606 1122 |
|
Room number: |
430863 |
|
Participant PIN: |
5880 |
A corporatepresentation is available to shareholders on the Group’s website at: https://www.openorphan.com/investors/reports-and-presentations/year/2020
For further information please contact
|
Open Orphan plc |
+353 (0)1 644 0007 |
|
Cathal Friel, Executive Chairman |
|
|
Arden Partners plc (Nominated Adviser and Joint Broker) |
+44 (0)20 7614 5900 |
|
John Llewellyn-Lloyd / Benjamin Cryer / Dan Gee-Summons |
|
|
finnCap plc (Joint Broker) |
+44 (0) 20 7220 500 |
|
Geoff Nash / James Thompson/ Richard Chambers |
|
|
Davy (Euronext Growth Adviser and Joint Broker) |
+353 (0)1 679 6363 |
|
Anthony Farrell |
|
|
Camarco (Financial PR) |
+44 (0)20 3757 4980 |
|
Tom Huddart / Hugo Liddy |
Open Orphan #ORPH – Testing of anti-viral for treating COVID-19 underway
Open Orphan plc (ORPH) the rapidly growing specialist CRO pharmaceutical services company which has a focus on orphan drugs and is a world leader in the provision of virology and vaccine challenge study services, is pleased to announce that its London-based subsidiary hVIVO has commenced the testing of an anti-viral for treating COVID-19 on behalf of its client Nearmedic International Ltd.
hVIVO has initiated work on this contract with Nearmedic International Ltd, a specialist pharmaceutical, biotechnological and medical business headquartered in Moscow, to test using hVIVO’s virology expertise and laboratory capability an anti-viral drug with potential utility for treating SARS-CoV2 (COVID-19) infections. This drug has both potential anti-viral and anti-inflammatory activity and as such could reduce both virus infectivity and disease severity respectively.
hVIVO will be testing its utility against a panel of viruses to include influenza virus, “normal”, circulating betacoronavirus and ultimately SARS-CoV2 (COVID-19).
Cathal Friel, Executive Chairman of Open Orphan, commented:
“We are very happy to be assisting in the battle against Covid-19 and are delighted to be working with Nearmedic International Ltd. hVIVO is a world leading provider of services to global vaccine and antiviral development companiesand our scientists have considerable knowledge from previous anti-viral trials which gives us confidence in our testing. We look forward to updating the market on a regular basis in the weeks and months ahead.”
For further information please contact:
|
Open Orphan plc |
|
|
Cathal Friel, Executive Chairman |
+353 (0)1 644 0007 |
|
Trevor Phillips, Chief Executive Officer |
+44 (0)20 7347 5350 |
|
Arden Partners plc (Nominated Adviser and Joint Broker) |
+44 (0)20 7614 5900 |
|
John Llewellyn-Lloyd / Benjamin Cryer
|
|
|
Davy (Euronext Growth Adviser and Joint Broker) |
+353 (0)1 679 6363 |
|
Anthony Farrell
|
|
|
Camarco (Financial PR) |
+44 (0)20 3757 4980 |
|
Tom Huddart / Daniel Sherwen |
Notes to Editors:
Open Orphan is a rapidly growing specialist CRO pharmaceutical services company which has a focus on orphan drugs and is a world leader in the provision of virology and vaccine challenge study services and viral laboratory services. It has Europe’s only 24-bedroom quarantine clinic with onsite virology lab in Queen Mary’s Hospital London. hVIVO supports product development for customers developing antivirals, vaccines and respiratory therapeutics, all particularly relevant and topical in the environment of heightened awareness of Covid-19 in 2020. The Company also has a leading portfolio of 8 viral challenge study models which are: 2 FLU, 2 RSV, 1 HRV, 1 Asthma, 1 cough and 1 COPD viral challenge models. As announced in early March, Open Orphan is rapidly advancing a Coronavirus challenge study model and expects to be very active with many companies in the development of a Covid-19 vaccine. No other company in the world has such a portfolio, with only two competitors globally having 1 challenge study model each.
Open Orphan comprises of two commercial specialist CRO services businesses (Venn and hVIVO) and is developing an early stage orphan drug genomics data platform business. This platform captures valuable genetic data from patient populations with specific diseases with designated orphan drug status and incorporating AI tools. In June 2019, Open Orphan acquired AIM-listed Venn Life Sciences Holdings plc in a reverse take-over and in January 2020 it completed the merger with hVIVO plc. Venn, as an integrated drug development consultancy, offers CMC (c hemistry, manufacturing and controls) , preclinical, Phase I & II clinical trials design and execution. The merger with hVIVO created a European full pharma services company broadening the Company’s customer base and with complementary specialist CRO services, widened the range of the Company’s service offerings.
Open Orphan #ORPH – Completion of the compulsory acquisition of remaining hVIVO shares
Open Orphan (ORPH), the rapidly growing specialist CRO pharmaceutical services company which has a focus on orphan drugs and is a world leader in the provision of virology and vaccine challenge study services, announces that further to the announcement of 28 January 2020, the Company will shortly be posting letters to shareholders of hVIVO plc (“hVIVO”) who did not accept the offer made by the Company on 9 December 2019. The letters confirm completion of the compulsory acquisition of all remaining hVIVO shares (the “Compulsory Acquisition”), which occurred today, pursuant to the provisions of sections 974-991 of the Companies Act 2006.
Application has been made to AIM for 15,600,932 ordinary shares of 0.1 pence each in the capital of the Company (“Ordinary Shares”) to be admitted to trading on AIM and Euronext Growth (“Admission”). Admission is expected to occur at 8.00 a.m. on 12 March 2020. The allotment and issue of these consideration shares to the non-assenting shareholders pursuant to the Compulsory Acquisition will be the final tranche of shares to be issued in respect of the merger with hVIVO, which completed on 17 January 2020.
Total Voting Rights
In conformity with the FCA’s Disclosure Guidance and Transparency Rules, the Company confirms that following Admission, its issued share capital will consist of 549,038,274 Ordinary Shares. All of the Ordinary Shares have equal voting rights and there are no Ordinary Shares held in treasury. This figure of 549,038,274 Ordinary Shares represents the total voting rights in the Company and may be used by shareholders as the denominator for the calculations by which they can determine if they are required to notify their interest in, or a change to their interest in, the Company under the Rules.
For further information please contact
Open Orphan plc
Cathal Friel, Executive Chairman +353 (0)1 644 0007
Trevor Phillips, Chief Executive Officer +44 (0)20 7347 5350
Arden Partners plc (Nominated Adviser and Joint Broker) +44 (0)20 7614 5900
John Llewellyn-Lloyd / Benjamin Cryer
Davy (Euronext Growth Adviser and Joint Broker) +353 (0)1 679 6363
Anthony Farrell
Camarco (Financial PR) +44 (0)20 3757 4980
Tom Huddart / Daniel Sherwen
Notes to Editors:
Open Orphan is a rapidly growing specialist CRO pharmaceutical services company which has a focus on orphan drugs and is a world leader in the provision of virology and vaccine challenge study services and viral laboratory services. It has Europe’s only 24-bedroom quarantine clinic with onsite virology lab in London. hVIVO supports product development for customers developing antivirals, vaccines and respiratory therapeutics, all particularly relevant and topical in the environment of heightened awareness of the Coronavirus in 2020. The Company also has a leading portfolio of 8 viral challenge study models which are: 2 FLU, 2 RSV, 1 HRV, 1 Asthma, 1 cough and 1 COPD viral challenge models. No other company in the world has such a portfolio, with only two competitors globally having 1 challenge study model each.
Open Orphan comprises of two commercial specialist CRO services businesses (Venn and hVIVO) and is developing an early stage orphan drug genomics data platform business. This platform captures valuable genetic data from patient populations with specific diseases with designated orphan drug status and incorporating AI tools. In June 2019, Open Orphan acquired AIM-listed Venn Life Sciences Holdings plc in a reverse take-over and in January 2020 it completed the merger with hVIVO plc. Venn, as an integrated drug development consultancy, offers CMC (chemistry, manufacturing and controls), preclinical, phase I & II clinical trials design and execution. The merger with hVIVO created a European full pharma services company broadening the Company’s customer base and with complementary specialist CRO services, widened the range of the Company’s service offerings.
LSE interview – Cathal Friel refocuses Open Orphan #ORPH as he raises 5m and buys virology specialist hVIVO
In a wide-ranging interview with London South East, Open Orphan Executive Chairman Cathal Friel outlines his vision for the business and explains how the combined talents of Open Orphan, hVivo and Venn Life Sciences will create a soon to be profitable pharmaceutical services one-stop shop.
Friel says this acquisition is the last however, as he is a major shareholder and he doesn’t want to see his own shareholding diluted along with everyone elses. The focus has been on reducing head count and building revenues at Venn Life Sciences since the Open Orphan IPO last June. Now, with the £13M bolt-on acquisition of hVivo, the London-based virology specialist company, the game has changed once again.
Friel says he sees hVivo as a loss-making and hugely undervalued asset. hVIVO went from being a vaccines and virology specialist to a drugs discovery business five years ago, with Neil Woodford and other investors putting in 113m of investment. “I really like Trevor Phillips and Tim Sharpington who came in 18 month ago to turn it around. But the previous management team got lost and we have picked up a bargain”. So how much are the assets worth today? “It’s very hard to say” explained Cathal, “113M in five years is a lot to spend but you can’t blow it all.
We have a 24 bed quarantine clinic facility which is worth 25 million or so on replacement value, we have a virology lab with the world’s largest stock of virology models likewise worth 25 million, and 7 or 8 million, so we 50 or 60 million of real assets”.
Open Orphan #ORPH presents at Shares Growth and Invention Forum, London
Open Orphan, the rapidly growing specialist CRO pharmaceutical services company which has a focus on orphan drugs and is a world leader in the provision of virology and vaccine challenge study services, is pleased to announce that the Company will be attending and presenting at the Shares Growth and Invention Forum on February 11, 2020 at Business Design Centre, London N1, London, N1 0QH. Cathal will be presenting at 15:30 in the Babbage Room. Investors are able to register to attend at https://ajbell.eventsair.com/gif-2020/private/Site/Register.
Cathal Friel, Open Orphan’s Executive Chairman will be presenting from 15:30 onwards to update existing and potential investors on the Company’s business plans for 2020.
The event will provide an opportunity for investors to hear about the progress being made by the Company following the acquisition of hVIVO and the potential for Open Orphan as it moves rapidly forward. hVIVO, is a world leader in the provision of viral challenge studies, vaccine and viral laboratory services, supporting product development for customers developing antivirals, vaccines and respiratory therapeutics, all particularly relevant and topical in the environment of heightened awareness of the Coronavirus in 2020. It also has Europe’s only commercial 24 bed quarantine clinic and on-site virology laboratory at Queen Mary’s Hospital in London.
Additionally, a link to the video of Open Orphan’s presentation will be made available on the Company website following the event.
For further information on the Shares Investor Evening, please visit the event website https://www.sharesmagazine.co.uk/events/event/growth-innovation-forum-2020-1
Investor Presentation
A link to our investor presentation is available on our website at https://www.openorphan.com/sites/openorphan/files/Open%20Orphan%20Investor%20Deck_0.pdf.
For further information please contact
|
Open Orphan plc Cathal Friel, Executive Chairman Trevor Phillips, Chief Executive Officer |
+353 (0)1 644 0007 +44 (0)20 7347 5350 |
|
Arden Partners plc (Nominated Adviser and Joint Broker) John Llewellyn-Lloyd / Benjamin Cryer |
+44 (0)20 7614 5900 |
|
Davy (Euronext Growth Adviser and Joint Broker) Anthony Farrell |
+353 (0)1 679 6363 |
|
Camarco (Financial PR) |
|
|
Tom Huddart / Daniel Sherwen |
+44 (0)20 3757 4980 |
About RNS Reach announcements
This is an RNS Reach announcement. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.
Notes to Editors:
Open Orphan is a rapidly growing European full pharmaceutical services company with a focus on orphan drug and specialist services, comprising two commercial specialist CRO services businesses (Venn and hVIVO) and a developing early stage orphan drug genomics data platform business capturing valuable genetic data from patient populations with specific diseases with designated orphan drug status and incorporating AI tools. In June 2019, Open Orphan acquired AIM-listed Venn Life Sciences Holdings plc in a reverse take-over and in January 2020 it completed the Merger with hVIVO plc. Venn, as an integrated drug development consultancy, offers CMC (chemistry, manufacturing and controls) , preclinical, phase I & II clinical trials design and execution. hVIVO, is a world leader in the provision of viral challenge studies, vaccine and viral laboratory services, supporting product development for customers developing antivirals, vaccines and respiratory therapeutics, all particularly relevant and topical in the environment of heightened awareness of the Coronavirus in 2020. The Merger with hVIVO created a European full pharma services company broadening the Company’s customer base and with complementary specialist CRO services, widened the range of the Company’s service offerings.
Open Orphan #ORPH – Upcoming Investor Events
Open Orphan (ORPH), the rapidly growing specialist CRO pharmaceutical services company which has a focus on orphan drugs and is a world leader in the provision of virology and vaccine challenge study services, is pleased to announce that the Company will be attending and presenting at a series of investor events from the 11th February to 26th March 2020.
Cathal Friel, Open Orphan’s Executive Chairman, or Trevor Phillips, CEO, will be in attendance for all the events and will be presenting an update to existing and potential investors on the Company’s acquisition of hVIVO and business plans for 2020. hVIVO, is a world leader in the provision of viral challenge studies, vaccine and viral laboratory services, supporting product development for customers developing antivirals, vaccines and respiratory therapeutics, all particularly relevant and topical in the environment of heightened awareness of the Coronavirus in 2020. It also has Europe’s only commercial 24 bed quarantine clinic and on-site virology laboratory at Queen Mary’s Hospital in London.
A link to our investor presentation is available on our website at https://www.openorphan.com/sites/openorphan/files/Open%20Orphan%20Investor%20Deck_0.pdf
No new material information will be disclosed at any event.
A full schedule of the upcoming events is as follows:
|
Event |
Date/Time |
Location |
|
Shares Magazine/Cenkos Growth and Innovation Forum |
February 11, 2020 08:45 – 17:30 |
London – Business Design Centre, London N1 52 Upper Street, Islington
|
|
ShareSoc Growth Company Seminar |
February 25, 2020 18:00 – 20:40
|
Manchester – DoubleTree by Hilton Hotel, One Piccadilly Place, 1 Auburn Street, Manchester M1 3DG |
|
Shares Magazine Investor Event |
February 25, 2020 17:30 – 21:30 |
London – Novotel, Pepys Street, London |
|
ShareSoc Growth Company Seminar |
March 11, 2020 17:30 – 21:30 |
London – Company Matters/Link Asset Services, 65 GRESHAM STREET, London EC2V 7NQ |
|
ShareSoc Growth Company Seminar |
March 17, 2020 18:00 – 20:40 |
Birmingham – Clayton Hotel Birmingham, Albert Street, Birmingham B5 5JE |
|
Proactive Investors One2One Forum |
March 26, 2020 18:00 – 21:30 |
London – Chesterfield Mayfair Hotel, 35 Charles Street, London, W1J 5EB |
Enquiries:
Open Orphan plc
Cathal Friel, Executive Chairman +353 (0)1 644 0007
Trevor Phillips, Chief Executive Officer +44 (0)20 7347 5350
Arden Partners plc (Nominated Adviser and Joint Broker) +44 (0)20 7614 5900
John Llewellyn-Lloyd / Benjamin Cryer
Davy (Euronext Growth Adviser and Joint Broker) +353 (0)1 679 6363
Anthony Farrell
Camarco (Financial PR) +44 (0)20 3757 4980
Tom Huddart / Daniel Sherwen
About RNS Reach announcements
This is an RNS Reach announcement. RNS Reach is an investor communication service aimed at assisting listed and unlisted (including AIM quoted) companies to distribute non-regulatory news releases into the public domain. Information required to be notified under the AIM Rules for Companies, Market Abuse Regulation or other regulation would be disseminated as an RNS regulatory announcement and not on RNS Reach.
Notes to Editors:
Open Orphan is a rapidly growing European full pharmaceutical services company with a focus on orphan drug and specialist services, comprising two commercial specialist CRO services businesses (Venn and hVIVO) and a developing early stage orphan drug genomics data platform business capturing valuable genetic data from patient populations with specific diseases with designated orphan drug status and incorporating AI tools. In June 2019, Open Orphan acquired AIM-listed Venn Life Sciences Holdings plc in a reverse take-over and in January 2020 it completed the Merger with hVIVO plc. Venn, as an integrated drug development consultancy, offers CMC (chemistry, manufacturing and controls), preclinical, phase I & II clinical trials design and execution. hVIVO, as an industry leading services provider in viral challenge studies and vaccine and viral laboratory services, supports product development for customers developing antivirals, vaccines and respiratory therapeutics , all particularly relevant and topical in the environment of heightened awareness of the Coronavirus in 2020. The Merger with hVIVO created a European full pharma services company broadening the Company’s customer base and with complementary specialist CRO services, widening the range of the Company’s service offerings.
Proactive Investors interview with the Open Orphan #ORPH team on its future and ‘the lottery ticket’ sitting within hVIVO
Open Orphan PLC‘s (LON:ORPH) Cathal Friel speaks to Proactive London’s Andrew Scott following the completion last week of its £5.3mln fundraise.
Also in studio is adviser to Open Orphan and founder of hVivo Professor John Oxford.
Professor Oxford’s been a leader in the field of vaccine and anti-viral clinical trials for the last 20 years.
hVivo, which has recently been acquired by Open Orphan, owns the largest commercial quarantine clinic in northern Europe and could play a role in treating patients affected by the recent outbreak of coronavirus.
BRR Media – Open Orphan #ORPH business update
Cathal Friel, Executive Chairman of Open Orphan, provides an update on developments at the company following the successful fundraising, and also introduces Professor John Oxford – a leading expert in the field of virology and an original founder of hVIVO – who will be working with the company as a consultant.